Untitled Document

ADB, JICO agree to finance part of Nepal's Tanahun hydro project

Nepal Map

The Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA) have agreed to finance two-thirds of Nepal's 140-MW Tanahun hydropower project.

Both JICA and the ADB said they will provide $150 million each after negotiations lasting through this past week. The JICA loan will carry a .01% interest with a 40 year payback period, while the ADB loan with a 1.5% interest rate over 30 years.

Official loan documents have not yet been signed.

Sources report that the European Investment Bank (EIB) has expressed interest in financing at least part of the Tanahun project's remaining costs, though officials said negotiations have not taken place yet.

The run-of-river hydro project will be built on the Seti River and could be generating power by 2020, assuming its operator, Nepal Electricity Authority (NEA), can begin construction in 2014 as proposed.

Related Articles

Pakistani officials oppose proposed interest rate hike for 969-MW Neelum Jhelum hydropower plant

Pakistani Prime Minister Nawaz Sharif and his cabinet have refused Chinese demands for highe...

A Positive Outlook for Hydropower

As diverse as the globe itself, the world of hydropower development is a heterogeneous one, ...

Pakistan state seeks bids to build 48-MW Jaggran 2 hydro project

Pakistan's Azad-Jammu-Kashmir State (AJK) seeks bids to build the 48-MW Jaggran 2 hydroelect...

Viewpoint: Securing Skills and Experience: The Route to Commercial Success for MHK

News that Atlantis Resources has struck a deal with Siemens to acquire the entire share capi...

Recent Comments




Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

06/01/2015
Volume 34, Issue 5
05/01/2015
Volume 23, Issue 3

Buyers Guide Products

Buyers Guide Companies